General Comments Nearby corn and soybeans closed out the week a dollar lower than last week's highs as margin calls took precedence for a time and positions were unwound. USDA will publish its WASDE report on Wednesday, 10 April. The upcoming WASDE may provide some additional insights about the 28 March Grain Stocks and Prospective Plantings reports, but it is unlikely to release any new bearish surprise on the market.Nearby May contracts are diminishing in significance as we transition to the mid-April and attention shifts to the weather. It may be true that the December corn contract could sell off another dollar if a major bumper crop is produced this summer, but who is willing to sell December corn below $5.30 in the middle of April?...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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